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4:42pm 04/15/04 Netflix loss widens, ups standard subscription price (NFLX) By David B. Wilkerson SAN FRANCISCO (CBS.MW) -- Online DVD rental firm Netflix Inc. (NFLX) said after the market closed Thursday that its first-quarter loss exceeded that of a year earlier on increased marketing expenses related to the acquisition of new customers, and announced that it will raise the price of its standard subscription to $21.95 from $19.95, effective June 15. Los Gatos, Calif.-based Netflix said it lost $5.8 million, or 11 cents a share, compared to its loss of $4.5 million, or 20 cents, in the year-ago period. Excluding stock-based compensation expense, the company's loss from operations was $1.4 million, or 3 cents a share in the latest period, in line with the average estimate of analysts polled by Thomson First Call. Revenue jumped to $100.4 million from $55.2 million, topping the average First Call forecast of $99.5 million. The churn rate declined to 4.7percent. Netflix added 760,000 trial subscribers in the period, bringing its subscriber total to 1.932 million. Netfllix also said it anticipates that it will have 1.935 million to 2.14 million subscribers at the end of the second quarter, with revenue of $116 million to $120 million. The First Call estimate was $118.3 million. The company predicts a profit from operations of $6.4 million to $8.9 million.
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That is music to my ears. Netflix's loss is GZFX's gain. With their subscription at 21.95 and GZFX's at 18.50 and a wider selection of games and dvd's; its obvious who has the upper hand. GO GZFX!!!!!!!!
Posts: 15 | From: Lexington Park, Md | Registered: Mar 2004
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